EU-Faroe Islands Agreement · Origin of Goods
To qualify for the EU-Faroe Islands preferential rate on HS 5602, products must satisfy the origin rule of type maximum non-originating materials (MaxNOM). A tolerance of 10% of the ex-works value applies. 2 specific rules apply to this code under this agreement.
Manufacture from: - natural fibres, or - chemical materials or textile pulp However: - polypropylene filament of heading 5402, - polypropylene fibres of heading 5503 or heading 5506, or - polypropylene filament tow of heading 5501, of which the denomination in all cases of a single filament or fibre is less than 9 decitex, may be used, provided that their total value does not exceed 40% of the ex-works price of the product.
40% ex-worksThe EU imported 645 M€ (Jan 2022 – Mar 2026) for this HS code, with China as the main supplier.
EU Imports
645 M€
EU Exports
703 M€
Balance
58 M€
Top supplying countries (extra-EU)